AB Conservative Buffer ETF (NASDAQ:BUFC) Hits New 52-Week High – Still a Buy?

AB Conservative Buffer ETF (NASDAQ:BUFC)’s stock price reached a new 52-week high during trading on Friday . The stock traded as high as $41.81 and last traded at $41.81, with a volume of 296 shares changing hands. The stock had previously closed at $41.75.

AB Conservative Buffer ETF Stock Down 0.1%

The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 25.09 and a beta of 0.25. The company’s 50-day moving average is $41.08 and its 200-day moving average is $41.12.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. bought a new position in shares of AB Conservative Buffer ETF during the third quarter valued at $188,000. Rockefeller Capital Management L.P. bought a new position in shares of AB Conservative Buffer ETF during the fourth quarter valued at $218,000. Scarborough Advisors LLC increased its stake in shares of AB Conservative Buffer ETF by 200.3% in the fourth quarter. Scarborough Advisors LLC now owns 9,729 shares of the company’s stock valued at $402,000 after buying an additional 6,489 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of AB Conservative Buffer ETF in the first quarter valued at $426,000. Finally, Bailard Inc. acquired a new stake in shares of AB Conservative Buffer ETF in the fourth quarter valued at $494,000.

About AB Conservative Buffer ETF

The AB Conservative Buffer ETF (BUFC) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to participate in the price movement of the SPDR S&P 500 ETF (ticker: SPY), up to a cap while buffering the first 15% decline. The fund resets its buffer and cap levels every three-months BUFC was launched on Dec 13, 2023 and is issued by AB Funds.